Scana Q2 Profit Rises; Reiterates 2015 Outlook - Quick Facts

(RTTNews) - Scana Corp. (SCG) reported second-quarter net earnings of $99 million or $0.69 per share, up from $96 million or $0.68 per share in the same period last year.

On an adjusted basis, earnings for the quarter were $0.63 per share compared to $0.62 per share last year. On average, 8 analysis polled by Thomson Reuters expected the company to earn $0.67 per share for the quarter. Analysts estimates usually exclude special items.

Revenue for the quarter declined to $967 million from $1.03 billion a year ago. Wall Street was looking for revenues of $1.02 billion.

Looking ahead to 2015, the company reiterated its forecast for earnings per share in a range of $5.00 to $5.20, with an internal target of $5.10.

The company reaffirmed its adjusted weather-normalized earnings per share of $3.60 to $3.80, with an internal target of $3.70 per share. The company's targeted average annual growth rate for adjusted weather-normalized earnings per share is 3 to 6 percent over the next 3 to 5 years.

The Street expects the company to report earnings of $3.71 per share for the year on revenue of $4.86 billion.